Choosing a mining pool comes down to some simple logic: the larger the size of the pool, in terms of hashpower, the more regularly they\u2019ll find blocks. This will ensure a consistent stream of revenue.<\/p>\n\n\n\n
However, due to the small portion of the hashpower you will supply to the pool, your share of the coinbase rewards will be miniscule. Joining a smaller pool will give you a larger share of the rewards, but payouts will be less frequent because the pool will discover less blocks.<\/p>\n\n\n\n
There are also some more technical considerations that will guide your decision. If you are taking the DIY approach will require a fast internet connection with low latency in pinging the pool to share data.<\/p>\n\n\n\n
Any delay in receiving data can waste precious time in searching for a solution to the next block. You ideally want a ping of under 200ms and as close to zero as possible.<\/p>\n\n\n\n
Different pools charge different fees, so this will also need to be taken into account. You\u2019ll also want to check the payout frequency; some pools will only pay out on scheduled dates, or once a minimum amount of BTC has been accrued in your wallet.<\/p>\n\n\n\n
Pools that custody the miners\u2019 rewards until they are distributed also incur a risk, since you are relying on them not to get hacked or hold onto funds. You may prefer to pick a pool that pays out directly into your own wallet.<\/p>\n\n\n\n
Your last consideration should be the opportunity cost of investing in a mining pool. Can you get a similar or better rate of return on your investment elsewhere, when adjusted for the risk involved?<\/p>\n","protected":false},"excerpt":{"rendered":"
Choosing a mining pool comes down to some simple logic: the larger the size of the pool, in terms of hashpower, the more regularly they\u2019ll find blocks. This will ensure a consistent stream of revenue. However, due to the small portion of the hashpower you will supply to the pool, your share of the coinbase […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[442],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/8998"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=8998"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/8998\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=8998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=8998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=8998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}